Amigo’s Award-Winning Guarantor Loans Help UK Residents Get the Financing They Need
BadCredit.org, 10 Jan 2018
For people without much of a credit history, or a history with negative marks, obtaining needed loans can be challenging, if not impossible. Many turn to payday loans, which might only add to their problems, given the exorbitant interest rates and endless debt cycles that are often associated.
Bournemouth-based lender Amigo stepped in more than a decade ago with another solution for UK residents in need of funding: guarantor-based loans.
Borrowers obtain loans through guarantors, typically friends or family members willing to vouch for them. The trust element pays remarkable dividends, and Amigo has helped hundreds of thousands obtain loans to fulfill their dreams, while often improving their credit scores in the process.
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